Rocket Lab Corporation (RKLB) closed at $35.38 in the latest trading session, marking a -2.1% move from the prior day. This move lagged the S&P 500's daily gain of 0.52%. Elsewhere, the Dow saw an upswing of 1%, while the tech-heavy Nasdaq appreciated by 0.52%.
Shares of the company witnessed a gain of 32.14% over the previous month, beating the performance of the Aerospace sector with its gain of 6.68%, and the S&P 500's gain of 5.95%.
Analysts and investors alike will be keeping a close eye on the performance of Rocket Lab Corporation in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.1, reflecting a 25% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $135.07 million, indicating a 27.13% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.33 per share and a revenue of $579.17 million, indicating changes of +13.16% and +32.77%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Rocket Lab Corporation. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 1.76% fall in the Zacks Consensus EPS estimate. As of now, Rocket Lab Corporation holds a Zacks Rank of #3 (Hold).
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 51, placing it within the top 21% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Rocket Lab Corporation (RKLB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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